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What's strange about the current recession is that unemployment is high (especially for low skilled workers) but productivity (for the employed) is hasn't gone
by autodidakto 14y ago
What's strange about the current recession is that unemployment is high (especially for low skilled workers) but productivity (for the employed) is hasn't gone down[1]. This might explain the Detroit number.
[1] http://www.econtalk.org/archives/2012/08/ohanian_on_the.html http://www.econtalk.org/archives/2012/08/ohanian_on_the.html